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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Allegro MicroSystems, Inc. (NASDAQ:ALGM)
Bull Market Weakness (+75) - ALGM is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ALGM as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ALGM?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALGM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ALGM
The long-term trend has been UP since Feb 9th, 2024 at 31.42
The intermediate-term trend has been UP since Apr 24th, 2024 at 28.20
The short-term trend has been DOWN since May 8th, 2024 at 29.72
Smart Scan Analysis for ALGM
Based on our trend formula, ALGM is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 29.840 | 30.100 | 29.100 | 29.325 | -0.965 |
| Prev. Close | Volume | Bid | Ask | Time |
| 29.360 | 914966 | 2024-05-08 15:59:45 |
| 52wk High | 53.05 | 52wk High Date | 2023-07-19 |
| 52wk Low | 24.655 | 52wk Low Date | 2023-11-01 |
| Average Volume | 1,321,008 | Shares Outstanding | 193,126 |
| Assets | 156,530,100M | Liabilities | 431,069,000M |
| P/E Ratio | 26.5702 |